Nissan says it plans job and production cuts in US
SMYRNA, Tenn. (WZTV) — Nissan has confirmed that its plants in Smyrna, Canton, and Decherd will experience job cuts. The company stated it would initially seek volunteers for the layoffs, offering severance packages to those who opt-in.
The industry that helped turn Japan into an economic juggernaut is undergoing its biggest change in years, with two of the country’s best-known carmakers looking to join forces.
After announcing a merger last month with rival automaker, Honda, Nissan is now saying it will reduce production and cut thousands of jobs to its plants across the globe. This includes both production sites in Tennessee.
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Nissan will operate a single shift on one production line at each of its two U.S. facilities, located in Smyrna and Canton, Mississippi, according to Bloomberg. It expects to go back to a two-shift schedule when it introduces new vehicle models in 2027 and 2028. The production cuts impact the Rogue in Smyrna and the Altima in Canton.
Times are tough at Nissan and drastic measures need to be put in motion. The latest example is cutting production of two of the brand’s best-selling models. According to Automotive News , Nissan in April will eliminate one of two shifts at its Smyrna (Tennessee) and Canton (Mississippi) assembly plants,
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Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.
Nissan Motor is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability.
Nissan Motor (OTCPK:NSANY) announced production and shift cuts in the U.S. as part of its strategy to push back costs amid sluggish sales. The Yokohama-based automaker is offering buyouts to workers.
Nissan announced Wednesday that it's cutting U.S. production lines and offering employees voluntary buyouts to avoid layoffs.